Project detail - NAVEGAR I PARALLEL L.P.

NAVEGAR I PARALLEL L.P.

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Who is our client

Navegar I Parallel LP is FMO's investment vehicle parallel to the main fund Navegar I LP. Navegar I is sponsored by a reputable European hedge fund manager, Brummer & Partners (“Brummer”). Navegar will be Brummer’s second PE fund, the first one being Frontier Fund in Bangladesh, in which FMO has invested.

Funding objective

Navegar is a sector-agnostic Philippines-focused private equity fund, a first mover in the country with a focus on small and medium enterprises (SMEs). Its key investment themes are domestic consumer and (services) export sectors.

Why we fund this project

FMO believes that the opportunity to co-anchor a fund in a lower middle-income country, with a high potential for impact and with scarce availability of equity capital, makes this deal a good fit with FMO’s strategy.

Region
Asia
Country
Philippines
Sector
Infrastructure, Manufacturing and Services
Signing date
3/28/2013
Total FMO financing
USD 20.00 MLN
Fund
FMO
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
B